Property profile

4141 Brazos Blvd Tyler, TX 75702

FOR SALE
Land
Property ID
US82-3401050
56 ac lot
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

This exceptional 56-acre tract presents a rare development opportunity within Tyler city limits. Located in Northwest Tyler, this property enjoys a highly desirable position directly behind the new Tyler High School. The land is zoned residential, offering significant potential for a substantial residential development of over 100 homes. A significant advantage is that much of the necessary engineering and planning with the city has already been completed and approved, streamlining the development process. This significantly reduces upfront costs and time investment for the buyer. The asking price is $885,000, translating to an attractive price per acre of $15,800. All utilities are readily available to service the development. Detailed development documents are available for review upon request, providing further insight into the feasibility and potential of this remarkable property. The property's address is 4141 Brazos Blvd, Tyler, TX 75702, situated in Smith County. This is a truly unique opportunity to acquire a large, well-situated parcel of land with significant development potential in a thriving Texas community. Don't miss this chance to capitalize on this prime residential land offering.

Property profile

Verified
Property type Land
Lot 56 ac (2,439,360 SF)
UPID US82-3401050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4141 Brazos Blvd Tyler, TX 75702
Tyler metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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